FlexShopper Inc reports results for the quarter ended in January - Earnings Summary

FlexShopper

06/08/2024 23:26

* FlexShopper Inc  FPAY.OQ  reported a quarterly adjusted
loss
of 13 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -22 cents.  The mean expectation of three analysts for the
quarter was for a loss of 18 cents per share. Wall Street
expected results to range from -22 cents to -15 cents per share.
    * Revenue rose 29.5% to $31.76 million from a year ago;
analysts
expected $32.60 million. 
    * FlexShopper Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $2.7 million.
    * FlexShopper Inc shares had fallen by 18.0% this
quarter and
lost 37.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for FlexShopper Inc
is $2.50 
This summary was machine generated from LSEG data August 6 at
10:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.18          -0.13          Beat
 Mar. 31 2024      -0.13          -0.06          Beat
 Dec. 31 2023      -0.25          -0.27          Missed
 Sep. 30 2023      -0.25          -0.01          Beat